tag:blogger.com,1999:blog-18657167.post4890833951593085481..comments2024-03-20T07:24:23.018-04:00Comments on Appraiser Active: More on Fannie Mae Update to Appraisal PoliciesFrank Gregoirehttp://www.blogger.com/profile/08603633239381290061noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-18657167.post-19108173783816619852010-07-13T10:44:41.987-04:002010-07-13T10:44:41.987-04:00Appraisers should be experienced, "have the r...Appraisers should be experienced, "have the requisite knowledge" about local market conditions and have access to all local data sources. Fannie also emphasized that the demonstrated experience of an appraiser should always trump fees or turnaround times -- a clear swipe at management companies that bid out their work on the latter two criteria. <br /><br />FNMA is not that much different from HUD. By adding the word "should" to a few sentences you can fix everything in the world.<br /><br />They SHOULD also consider adding the following sentences as well...you know, just to cover all the bases.<br /><br />Appraiser SHOULD be intelligent enough to know when they are being asked to work for free. [If every appraiser was that smart, AMCs would not exist today].<br /><br />Here are a few they should consider adding:<br /><br />Congress SHOULD be intelligent enough to see that HVCC has wrecked the appraisal profession as well as the housing market across the country.<br /><br />Banks SHOULD be banned from billing the appraiser for 50% or more of the borrower's appraisal.<br /><br />Borrowers SHOULD have the intelligence to realize they are now receiving the worst quality appraisal services while being charged 50% more for the opportunity to receive such service.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18657167.post-85993281141867443522010-07-10T08:42:47.732-04:002010-07-10T08:42:47.732-04:00Ken knows about the exemption but has not written ...Ken knows about the exemption but has not written about it, to my knowledgeFrank Gregoirehttps://www.blogger.com/profile/08603633239381290061noreply@blogger.comtag:blogger.com,1999:blog-18657167.post-83184592788905121962010-07-10T08:05:28.181-04:002010-07-10T08:05:28.181-04:00Has Ken commented on the proposed exemption for th...Has Ken commented on the proposed exemption for the proposed "tarp funded" national bank's amc exemption to state amc regulation?Michael Tiptonnoreply@blogger.comtag:blogger.com,1999:blog-18657167.post-7544622447049199362010-07-10T04:35:54.486-04:002010-07-10T04:35:54.486-04:00Thanks. We're fortunate Ken is interested in a...Thanks. We're fortunate Ken is interested in appraisal issues and has a forum to keep consumers informed.Frank Gregoirehttps://www.blogger.com/profile/08603633239381290061noreply@blogger.comtag:blogger.com,1999:blog-18657167.post-62671420622050622022010-07-09T23:19:22.734-04:002010-07-09T23:19:22.734-04:00Congrats FG on your inclusion in the Ken Harney Wa...Congrats FG on your inclusion in the Ken Harney WaPo column on Fannie Mae's new appraisal rules. Well articulated as always.Jonathan Millerhttp://matrix.millersamuel.comnoreply@blogger.com